.........Whether by communicating or by curtailing communication, the Reserve Bank of India (RBI) is taking all unconventional steps to arrest the fall in the rupee. In its latest move, RBI has told treasury officials of banks to not give rupee forecasts against the dollar - particularly to the media, analysts and in their reports. It affects market sentiments to a larger extent, particularly in a situation when rupee trading is volatile, it says.................
Read | Business Standard
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